Fusion Klassroom Edutech is set to make its stock market debut on the BSE SME platform today, August 7. Ahead of the listing, the company's shares are commanding no grey market premium (GMP), indicating expectations of a largely flat market debut.
The Rs 39.04-crore SME IPO, which opened for subscription from July 31 to August 4, received a moderate response, with the issue being subscribed 1.50 times overall. The retail investor quota was subscribed 1.80 times, while the Qualified Institutional Buyers (QIB) portion was fully subscribed at 1 time. The Non-Institutional Investor (NII) category saw 1.47 times subscription.
